This property looks like a bad Long-Term investment with a projected -0.2% first-year return on $42,000 initial cash invested.
-0.2%
Cash On Cash
6.88%
Cap Rate
1.09
DSCR
$2,074
Rent
-$7
Cashflow
Cash Flow
$2,074 income − $2,081 expenses = $7 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,074
Total Expenses
$2,081
Mortgage P&I
51%
$1,050
Property Taxes
20%
$422
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0